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1
Rew
2016 Oct 14, 1:20pm
Rew
2016 Oct 14, 1:20pm
I'm shocked, SHOCKED. :)
Tell me more about this "hot economy" because it's feeling pretty chilly out here miss Yellen.
2
missing
2016 Oct 14, 1:21pm
Are you referring to the CA muni CEF?
It is several things, including the fear that Clinton may impose caps on the tax free yield (I personally doubt it will happen).
The market price of the CEF's is dropping much faster than their NAV's opening up nice discounts => higher yields. There may be good buying opportunities soon.
Is this the perspective of higher rates? or a hotter economy?
Yellen dreaming about keeping rates low for a while:
http://www.bloomberg.com/news/videos/2016-10-14/yellen-plausible-ways-hot-economy-could-heal-growth